A consortium of investors led by Ardian, in association with Tikehau Capital (ENXTPA:TKO) and EMZ Partners agreed to acquire an unknown minority stake in SA Vulcain Ingénierie from Equistone Partners Europe and Sagard SAS on December 22, 2023. Bpifrance, Amundi Private Equity Funds and the Fonds France Nucléaire managed by Siparex complete the financing round by providing specific expertise. A pool of banks made up of leading players is financing the deal through senior debt, supplemented by mezzanine financing provided by Eurazeo Private Debt, the group's long-standing partner.

Completion of the transaction remains subject to the usual pre closing conditions for this type of transaction, and in particular to obtain the required regulatory authorizations. Thomas Maitrejeanm, Adrien Paturaud and team of Goodwin Procter (France) LLP acted as legal advisor to Vulcain, Jean-Marc Dayan, François Dubourg and team of D&A Partners acted as financial advisors to the sellers and Vulcain. Stéphane Chaouat and team of Stephane Chaouat & Associates acted as accountant to Vulcain.

Sébastien Crépy and team of Paul Hastings France acted as legal advisor to the sellers. David Danon-Boileau and team of L.E.K. Consulting Srl acted as strategic vendor due diligence to the sellers and Vulcain. Laurent Majubert and team of Ernst & Young France acted as financial vendor due diligence provider to sellers and Vulcain.

Alexis Martin and team of Ernst & Young Société d'Avocats, Accounting Arm acted as tax vendor due diligence to Vulcain and the sellers. Benoît Losfeld and team of Ernst & Young Société d'Avocats, Accounting Arm acted as legal vendor due diligence provider to Vulcain and the sellers. Anne-Elisabeth Combes and team of Ernst & Young Société d'Avocats, Accounting Arm acted as social vendor due diligence provider to the company and the sellers.

Julien Famy and team of AXA Climate acted as ESG vendor due diligence provider to sellers and Vulcain. Stéphane Huten and team of Hogan Lovells (Paris) LLP acted as legal advisors, Frédéric Rémond and team of McKinsey & Company, S.A.S. acted as strategic due diligence provider, Olivier Boumendil and team of KPMG Conseil France acted as financial due diligence provider, Florence Olivier and team of KPMG S.A. acted as legal, tax and social due diligence provider, Deborah Hauchemaille of FINAXY Group SAS acted as insurance due diligence provider, Emilie Bobin and team of PricewaterhouseCoopers France acted as ESG due diligence provider to the buyers in this transaction.